EQT to acquire Alta Resources’ assets for $2.95bn Share 16 hours ago Sign up here for GlobalData's free bi-weekly Covid-19 report on the latest information your industry needs to know. EQT Corporation has agreed to acquire Alta Resources Development’s shale gas assets in the US in a cash and stock deal valued at $2.95bn. EQT will purchase Alta’s membership interests in upstream and midstream subsidiaries, as well as 300,000 acres in the Marcellus Shale. EQT expects the transaction to add about one billion cubic feet per day equivalent of gas production while its annual free cash flow by $400m. Under the terms of the deal, EQT will make $1bn cash payment to Alta Resources. It will also make committed financing and equity from its unsecured credit facility.